Wednesday, September 28, 2005

FT.com / Markets / Capital markets - Turkey weighs up benefit of Islamic bond

"Turkey weighs up benefit of Islamic bond
By Farhan Bokhari
Published: September 27 2005 19:41 | Last updated: September 27 2005 19:41

TurkeyThe Turkish government intends to propose a law to parliament that would allow the country to begin to issue bonds that comply with Islamic norms.

Such bonds would not be specifically called sukuk [Islamic bond], to avoid precipitating a clash with the constitution of the secular republic, Kemal Unakitan, the Turkish Finance minister, said on Tuesday."

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